Funding Path Limited - Filleted accounts

Registered number

09902498

Funding Path Limited

Filleted Accounts

31 March 2026

Funding Path Limited
Registered number:		09902498
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		-			-
			-			-
Current assets
Debtors	4	-			658
Cash at bank and in hand		421			1,500
		421			2,158

Creditors: amounts falling due within one year	5	(1,025,478)			(909,623)

Net current liabilities			(1,025,057)			(907,465)

Total assets less current liabilities			(1,025,057)			(907,465)

Creditors: amounts falling due after more than one year	6		(2,228,099)			(2,220,000)



Net liabilities			(3,253,156)			(3,127,465)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(3,253,157)			(3,127,466)

Shareholders' funds			(3,253,156)			(3,127,465)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C Ainsworth
Director
Approved by the board on 23 September 2026

Funding Path Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover comprises the Company's share of profits from its investment in a Limited Liability Partnership.

	Investments
	Unlisted investments are measured at cost less any accumulated impairment losses. Any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company including directors	1		2


3	Fixed Asset Investments

Other
investments			Total
£			£
	Cost
	Brought forward	3,059,192		3,059,192
	Disposal	(3,059,192)		(3,059,192)
		-		-
	Provisions
	Brought forward	(3,059,192)		(3,059,192)
	On disposals	3,059,192		3,059,192
	At 31 March 2026	-		-

	On 31 August 2023, the loan issued to Perfectly Fresh Cheshire Limited, together with total accumulated interest up to that date, was converted to Preference Shares in PF Pre-Seed Limited. As at 31 March 2024, the Company has recognised an impairment of £3,059,192 against the full value of this investment, as the Directors assessed, based on the information available, that these shares are irrecoverable. PF Pre-Seed Limited was dissolved on 9 September 2025.


4	Debtors	2026		2025
£			£

	Prepayments	-		658


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	584,969		582,809
	Tax and social security costs	-		6,907
	Accruals	410,509		289,907
	Loan	30,000		30,000
		1,025,478		909,623


6	Creditors: amounts falling due after one year	2026		2025
£			£

	Other loans	2,228,099		2,220,000


7	Loans	2026		2025
£			£
	Creditors include:

	Secured loan	2,200,000		2,200,000

	The loan provided by Triple Point Income VCT plc is secured by both fixed and floating charge over the assets of the Company.


8	Related party transactions

	Triple Point Income VCT plc (Shareholder): At the period end, the Company owed Triple Point Income VCT plc loan principal of £2,200,000 (2025: £2,200,000). During the period, interest of £119,614 (2025: £148,500) was charged to profit or loss. At the balance sheet date, the Company owed £3,050,889 (2025: £2,931,275) of interest and loan principal to the related party. Triple Point LLP: At the period end, the Company had a loan outstanding of £28,099 (2025: £20,000) owed to Triple Point LLP, for which Claire Ainsworth is an LLP designated member.

9	Controlling party

	The directors are of the opinion that there is no ultimate controlling party.


10	Other information

	Funding Path Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 King William Street
	London
	EC4N 7AF